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Oregon's 4 percent unemployment rate for the month of July was the same as in June

Oregon's unemployment rate for July came in at 4 percent, the same as the revised June rate. This was the state's lowest unemployment rate dating back to 1976. It tied the 4 percent unemployment rate reached in the state in May, June, and July 2018.

The U.S. unemployment rate was 3.7 percent in both June and July.

In July, the state's total nonfarm payroll employment added 2,400 jobs, following a loss of 1,000 jobs in June. According to the Oregon Department of Employment, monthly gains for July were strongest in professional and business services, which added 1,300 jobs; health care and social assistance added 1,100 jobs and construction increased by 800.

Two industries cut more than 1,000 jobs in July: leisure and hospitality lost 1,100 jobs; and government shrunk by 1,300 jobs.

Newly revised payroll employment figures show that there was minimal growth of only 2,000 jobs between December 2018 and March 2019, which the ODOE stated was much weaker growth in the first quarter of 2019 than was originally estimated. Oregon's total nonfarm employment for March is now estimated at 1,931,900 jobs.

The new numbers show Oregon's economy growing moderately for quite some time. Since July 2018, total nonfarm payroll employment was up 29,600 jobs, or 1.6 percent. The state's over-the-year job growth has averaged 1.6 percent during the past 16 months.

The most rapid gains since July 2018 were in transportation, warehousing and utilities, which added 4,500 jobs or 7 percent; and construction, which also added 4,500 jobs for a 4.3 percent increase. Construction's growth rate, although still rapid, slowed from the 8.2 percent annual growth it averaged in 2015 through 2018. Several industries contributed to Oregon's expansion since last July, including health care and social assistance, with 8,200 jobs and a 3.2 percent increase; manufacturing, which added 5,000 jobs for a 2.6 percent boost; and professional and business services, which rose by 5,500 jobs for a 2.2 increase. However, six major industries were nearly flat or down over the past year, led by retail trade, which fell by 2,800 jobs (1.3 percent); and information, which lost 1,500 jobs, good for a 4.4 percent decline.

The labor department wasn't scheduled to release county-specific unemployment information until after the press deadline on Tuesday.

Business briefs

Newberg tavern to host tap takeovers

Newberg's Barely and Vine Tavern will host a tap takeover event with Fort George Brewery and Public House on Aug. 29. The event will be hosted from 6 to 9 p.m. This will be the final tap takeover for August; September events have not been released.

YCCO announces new plan to address county needs

The Yamhill County Care organization announced the county's needs have been addressed with a new five year Community Health Improvement Plan.

The 2019-2024 plan identified key focus areas to address issues surrounding community wellness and quality of life. The plan identifies health concerns in six key areas: behavioral health; children and families; social determinants of health such as housing and transportation; access to care; oral health; and trauma and resiliency.

For more information, visit https://yamhillcco.org/.


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